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In 2025, while Black-owned businesses continued to face capital access challenges, they contributed over $207 billion to the U.S. economy. SBA loan approvals for Black-owned businesses rose to 6.5% by mid-2025, though in the 2024 fiscal year, they received $1.4 billion in SBA-backed loans, representing only 7.2% of total approvals. Tune in today to hear how small businesses fared in 2025.
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